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Bookmark or Share- National Debt Clock: What Is the National Debt Right Now? - The Peter G ...When the federal government spends more than it takes in, we have to borrow money to cover that annual deficit. And each year’s deficit adds to our growing national debt. Historically, our largest deficits were caused by increased spending around national emergencies like major wars or the Great Depression.
- Debt vs. Deficits: What’s the Difference? - The Peter G. Peterson ...The U.S. government has run a deficit since 1970 in all but four years (1998–2001) and annual deficits are projected to increase from now to 2054. What Is the Federal Debt? The debt is the total amount of money the U.S. government owes.
- 83 Ways We Can Reduce the Deficit, According to CBO - The Peter G ...Recently, the Congressional Budget Office (CBO) highlighted 83 ways to reduce the deficit and improve our fiscal outlook — including options to cut spending and raise revenues. Solutions to Reduce the National Deficit
- The U.S. Nearly Had a $2 Trillion Deficit Again - pgpf.orgIn FY22, the Department of the Treasury recorded a deficit of nearly $1.4 trillion for the year; that total included a “cost” of $379 billion to account for the Administration’s plan for student loan forgiveness. Without that adjustment, the deficit for FY22 would have been around $1 trillion.
- What Is the Primary Deficit? - The Peter G. Peterson FoundationThe primary deficit is the difference between government revenues and spending, excluding interest payments. Learn more about the U.S. primary deficit.
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